Internet Thinking: Different Interpretations of Economists and Entrepreneurs
ZHejiang Sealand Technology Co., Ltd. is a trustworthy manufacturer of LNG Mass Flow Meter, LNG Mass Flowmeter, LNG Flow Meter, LNG Flowmeter, LNG meter, ATEX, IECEx & CE approved.
We are the only Chinese brand who gets ATEX, and we get it from TUV SUD, the most authoritative institute for ATEX. Our meter passed all tests carried out by TUV without any modification. Their only suggestion is to replace the cable entry device with a ATEX approved one; thus, please rest assured that we produce our meter with high standard :)
Besides, Sealand meter and calibration lab are approved by CNAS, member of ilac in China.
The 1'' flow meter specification is as follows,
Specifications of Coriolis Mass Flow Meter
Model No.
CG-25
Max. flow rate
200kg/min
Nominal diameter
25mm( 1 inch)
LNG accuracy grade
±0.2%
Zero stability
0.62kg/hr
Repeatability
0.05%
Warranty
2 years
Temperature accuracy
±1°C ±0.5% of reading
Fluid temperature
-200~160°C
Packing
1set/carton
Package size
665*660*315mm
G.W.
23kgs
Please feel free to contact us if you need any other size!
LNG Mass Flow Meter, LNG Mass Flowmeter, LNG Flow Meter, LNG Flowmeter, LNG meter Zhejiang Sealand Technology Co., Ltd. , https://www.sealandflowmeters.com
Can the Internet be a kind of thinking?
    First of all, I agree with Professor Xu Xiaonian that the definition of Internet thinking is not very clear. If it is just a technology, even a revolutionary technology may not produce a new kind of thinking, philosophy or philosophy.
    In the past 300 years, there have been many great technologies, such as the steam engine brought about the industrial revolution, and electricity created the modern industrial economy, but there is no such thing as steam engine thinking or power thinking. But even if modern industrial civilization does not have the thinking of naming a certain technology, in the process of human civilization from agricultural civilization to industrial civilization, people's various ideas in the fields of work, life, social, investment, etc. occur. The fundamental change, but these changes are not named after a certain technology. If you really want to use a certain idea or a philosophy to represent the way of thinking in industrial civilization, the closest thing is to Capitalism ("capitalism"). If steam engines and electricity greatly increase human productivity and produce Capitalism, then the Internet has greatly improved the efficiency of people's transactions and communication. Will the Internet era produce "networkism"?
Free strategy, scale effect and marginal cost
    I also agree with Professor Xu Xiaonian's other point of view that the scale effect of Internet companies is not unique to the Internet. Traditional industrial civilization also has economies of scale. The greater the output, the lower the cost, and the more efficient the outlets, the higher the efficiency, which is also a common rule in traditional companies. Moreover, the marginal cost of e-commerce companies is not zero. For example, in Ctrip, in the process of booking a hotel, the company often needs to provide manual services to help customers solve emergency problems. Of course, the scale effect of network companies will indeed far exceed most traditional companies. The question is, will this difference in quantity lead to qualitative changes? The so-called platform strategy and the free strategy of “wool dog out†are not unique to Internet companies. However, the scale effect of network companies is greater and the marginal cost is lower, which makes the so-called platform strategy and free strategy more successful. Especially because China has a large population and a large market, its scale effect exceeds that of the United States, ranking first in the world.
Ultimate and platform strategy
    Professor Xu Xiaonian’s other criticisms of Internet thinking are mainly due to different perspectives. For example, the product is extremely, Professor Xu Xiaonian believes that the product should not be the ultimate, because the cost is too high. I think this may be because his understanding of the product is still in the traditional manufacturing field. In fact, in the Internet field, the product refers to the design of user interaction and transaction process. The process is designed to basically not increase too. There is more extra cost, so the company should of course do the best for the user's product experience. Professor Xu also pointed out that people need both a large number of products and a niche personalized product. But after the advent of the Internet, some high-frequency product providers are more likely to make themselves a platform, and low-frequency niche products can only become a category on the platform.
    It is important to point out that there is a rule that everyone can easily ignore in the Internet era, that is, customers come easily but also easily. Any competitor's APP and your customers are only a few fingers away. There is not too much customer loyalty in the online economy. When some companies rely on losing money, they are likely to lose money forever. There is also a constant truth in economics, that is, in the case of full competition, there will be no excess profits. When everyone wants to make money with so-called Internet thinking, the result is that everyone can't make money. Therefore, some of the Internet thinking that is now being advocated is definitely a short-lived way of making money.
    So how do Internet companies make money? In the industrial age, companies can maintain a long-term competitive advantage through the control of machines, lots, and resources. In the Internet age, physical capital has become less and less important. To make matters worse, customers have no loyalty and competitors can enter at any time. To make money, Internet companies only have to continue to innovate and continuously improve efficiency and customer experience. There is no other shortcut to continuous innovation, only to attract and retain the best creative talent.
    Companies must create a talent environment that is conducive to continuous innovation, including adequate empowerment, generous salaries, and equity incentives like startups. Because of this, many online companies, including Ctrip, have introduced a talent mechanism that encourages internal entrepreneurship and innovation, with the goal of fostering a sustainable advantage in human capital and creativity.
    I think the most fundamental change brought about by the Internet is that the power balance between Human Capital and Financial Capital has changed. In the Internet age, human capital has become more important. Therefore, the wages of creative high-quality talents are rising, and the intensity of their equity incentives is also increasing. From the perspective of macroeconomics, the return of human capital in the future will increase relative to financial capital, and the proportion of creative high-quality talents to social wealth will increase. The rise of human capital is certainly a good thing, because human talent is more respected than its identity, status and resources. And when a society pays more attention to human capital than to “capital,†society as a whole will be more equal, rational, and democratic.
    So if I want to use one sentence to describe "internet thinking," it is "Human Capitalism."
Extended reading: Xu Xiaonian: Internet thinking is a panic-style worship no new things June 8 morning news, at the China Europe International Business School 2015 class committee meeting, the famous economist Xu Xiaonian delivered a speech. The speech talked about the economic downturn, the stock market frenzy and Internet thinking and "Internet +". Among them, Xu Xiaonian said: "There is no theory at present that can explain the madness of the stock market. In addition to the animal spirit of Keynes, this stock market frenzy, really I don't know how to close."
In addition, for "Internet thinking" and "Internet +", Xu Xiaonian said: "There is almost no new thing in Internet thinking, even a mistake... If a person keeps saying that Internet thinking, that is, there is no thinking." And "Internet +" The real subject, Xu Xiaonian believes: "How to develop your own products; how to improve efficiency." (Li Ge)
The following is the main points of Xu Xiaonian's speech at the China Europe International Business School 2015 Class Committee Conference:
1) The economic downturn, the result of overdraft in previous years.
2) In the past, the pursuit of GDP printing and borrowing development. Local debt risk, the current policy, is actually to use long-term debt for short-term debt, postponing debt repayment time.
3) The central bank endorses this and may buy local debt. The central government should not entrust the economy. Otherwise, the economic transformation will be delayed, and new dividends must be created through reform.
4) For the new normal formulation: no longer aim at GDP; no longer use macroeconomic policies to maintain GDP; create new dividends through reform. The problem is: slogan; but the old thinking is back: the finances start to spend money (falling on the central finances); and the money expansion (reduction of interest rates).
5) Finance drives private investment. But no: the reason is that there is nowhere to vote. The additional currency has gone to the stock market. The reason is the excess economy. Not a bad money, but an investment opportunity that can make money.
6) Stock Market - Wool grows on pigs. Money did not go to the stock market.
7) Going to excess capacity - dare to invest - good business - increase in income 8) Export excess capacity - wishful thinking.
Ten ASEAN countries: 2:3 trillion US dollars. Russia has 2 trillion US dollars. Pakistan is 250 billion. China is 10 trillion. So can't drive our economy.
9) The stock market bull is in the process of transformation, all the way and so on. Ridiculous and bizarre! This is a whistle and walks the night to give yourself courage. I don't want to write another article. There is currently no theory that can explain the current stock market madness. In addition to the animal spirit of Keynes.
10) I want to ask: Does the money from the stock market enter the real economy? Looking ahead, there is no more profitable than the stock market. Stock market financing reduces the financing cost of enterprises? The basic principle of the company's finance: the cost of equity capital is higher than the cost of debt funds, because it bears higher operational risks. This argument is a joke. Everyone regards their own funds as zero cost funds. The stock market can't make money. Because I took the money and never thought of giving the shareholders a high return. Artificial distortions have caused enterprises to invest in chaos and cause excess capacity.
11) The final game will be very bad. This stock market frenzy. I really don't know how to end it.
12) Currently two are consistent: First, everyone knows the bubble. The difference is when it breaks. Second, everyone believes that when they break, they run faster than others.
13) I don't know who made the idea. Chinese people can kill it. Under the leadership of the leader, the people were harmed.
14) The company must think about itself: how the enterprise is currently transforming. Don't transform and die, transform to find death (mainly don't know how to transform).
15) Our nation lacks a nation of independent thinking skills. Causes a follow-up.
16) Barriers to business transformation: First, past successes, hope that past successes can be replicated indefinitely. (Transformation is not a change.) Many of the success factors in the past were low-cost expansion (people, land, technology) and markets that could be seized. But this era is over. To seize the market, there is no unsaturated market. The key to business success is R&D and innovation. Traditional ways of thinking and traditional business models. Second, opportunistic psychology. "The pigs on the tuyere will fly." People are constantly asking where the wind is. If you talk about yourself to the level of pigs, I have nothing to say about you. "I found the platform to be overcrowded, but the platform was empty." Third, the Chinese entrepreneurial group lacks individuality groups. China is a culture of herd. Lack of inner world, or established by the outside world. The pursuit is the recognition of the outside world rather than the sense of accomplishment. So that we are behind in innovation. The unified evaluation system of the outside world will seriously converge on the behavior of entrepreneurs. Therefore, it is crowded on the tuyere, and there is no one in the place without the wind. Seriously restrict innovation. Chinese entrepreneurs rarely say that I am doing this "cool".
17) Views on the Internet: 1. Indifference to the panic-like worship. 2. The Internet is just one of the new technologies in the 200 years. Steam engines far exceed the Internet, electricity, internal combustion engines, computers, and have never heard of steam engine thinking and power thinking. There is no such saying in foreign countries. How to translate Internet thinking in English? 3, the Internet is a tool to help transform is not an artifact.
18) The so-called Internet thinking, one item is compared, there is almost nothing new. There are even mistakes. 1, you must do a huge amount of single items. Not bad but one-sided. The Internet has a strong economies of scale. Nothing new. The economies of scale are determined by the cost structure, and the greater the proportion of fixed costs, the stronger. The larger the scale, the lower the cost. Once the Internet is established, the marginal cost is almost equal to zero. But this is not the only business model. There is also a business model: multi-product traces. Because of the variety of needs. 2, the product must be the ultimate. This is wrong. It is a suicidal act. The quality of the product is at the balance of cost and benefit. The later the cost rises, the faster. It's ok to be a little better than all the competitors. 3. The wool is on the pig. Effective but not deified. It’s already long gone. Wal-Mart has been doing it long ago. (Supplier) 4, platform strategy, because of light assets, do not worry. The advantages of the Internet are not unique. Such as P&G, Nestle. All are done on the platform. 5, Internet +. The real topic: how to develop your own products; how to improve efficiency. Online to offline, Internet +; line down, + Internet. It depends on which efficiency is high. The Amazon trend is to leave e-commerce and go to the cloud computing and platform. May not do Wal-Mart. Last year, online sales growth exceeded Amazon for the first time. Amazon 20% comes from non-mainstream, platform and cloud computing. High yields. Simple, non-experienced products that are suitable for online. Amazon and Wal-Mart have long coexisted and surpass each other in their respective areas of strength.
If a person keeps saying that Internet thinking is, there is no thinking.
19) About creating value: 1. Providing new products and services; 2. Providing existing products and services at a lower cost. Making money does not necessarily create value. But profits are not sustainable. If you create value, you will definitely make money and continue. The value created by financial institutions is the money that earns information. Information collection processing analysis. P2P, create value? Created some value, just "introduction." How to ensure the success of marriage introduction, if you can guarantee, create great value. The assessment of the establishment of credit is finance. Ali is the most likely data to do, with a total asset of just 20 billion. A piece of cake. Because the data is not enough.
20) Kant: Enlightenment Definition: Enlightenment has the courage to use its own rationality.
The following is the full text of the speech:
The attitude of the public towards the Internet, I saw from the indifferent indifference to today's panic-loving favor, I felt that there was nothing remarkable at the beginning, it was a new communication tool, and later discovered that the Internet can do so many things, the Internet shock When you go to your own business and industry, you will have a panic-loving love. Even without your own thinking and analysis, you will have to die without going online.
What I want to say is that the Internet is just one of the new technologies that have emerged in the history of mankind for more than 200 years. Since the industrial revolution, new technologies have emerged in an endless stream. At the beginning, they were steam engines. The steam engine created the industrial revolution, brought the human economy into the modern era, brought into the modern industrial economy and industrial and commercial financial economy, completely rid of the dependence on natural resources, and can actively develop. Resources. The importance of steam engine production for the history of human economic development and social development is far greater than today's Internet, but I have not heard of steam engine thinking. The great technological innovation after the steam engine is electricity, and we have never heard of power thinking. There is an internal combustion engine after the power, which is also a very important technological innovation, but has not heard of the internal combustion engine thinking. The most capable of thinking is the computer. We have never heard of computer thinking. How did Internet thinking emerge today? I do not know. There is no such saying in foreign countries. Do you want to translate the English translation of "Internet thinking"?
There is a very simple method of judging. There are some new sayings in the country. If there is no corresponding English word in foreign countries, you must doubt it. Another very funny thing is the word that was very hot some time ago, called the virtual economy. How to translate the virtual economy? These are all the words that the Chinese made themselves here. Some scholars have no knowledge of themselves. He creates words that others do not understand to set off their own depths. Or to create some seemingly novel words to seek publicity in the peers and the market. In the face of these claims, we can only listen to it. If you are serious, you will be too naive.
I think the Internet is a tool to help transform our traditional businesses, not artifacts. Nowadays, many places have deified the Internet, thinking that as long as I encounter this thing, my company will be able to go through the wind for another ten years. Not so simple. I have a lot of so-called Internet thinking on the market, I have to check it out one by one. I want to find something new in the Internet thinking, but I am very disappointed. I found that the so-called Internet thinking is almost nothing new. thing. And in the Internet thinking, some references and opinions are even wrong.
“Single product quantity†and “Doing the ultimateâ€
For Internet thinking, we analyze it one by one, and everyone has to think about it. In the teaching of Central Europe, I always emphasize independent thinking. You have to think about yourself. This is the most important thing. There is a way to think about Internet thinking. You must make a huge amount of items. This statement is good in itself, but it is too one-sided. Why does the Internet have to do a lot of single items because the Internet has a very strong economies of scale. What is the economies of scale? As we have said in class, the mass of a single item is actually an economies of scale, and there is nothing new. We have known it for a long time, and we have talked about it in the school. What determines the economies of scale? It is determined by the cost structure. What kind of cost structure has high scale economic benefits, the greater the proportion of fixed costs, the higher the economies of scale effect, which is actually determined by the cost structure. The Internet has a strong economies of scale because once a website is built and the maintenance costs are extremely low, the marginal cost of adding a new customer to this platform is almost zero, so it has a strong economies of scale. Under this strong economic effect, you really need to do a lot, but this is not the only business model.
If you think that you can't do anything other than a single item, then you are very wrong, because there is another business model called multi-product trace. To give an example, the round neck shirt in the clothes I wear, this is to be a single item, only three large, medium and small numbers, each size on the scale, the larger the scale, the lower the cost, so this yellow dress inside This is a massive product. The smaller the variety specifications, the smaller the variety, the larger the batch size, and the lower the batch size, the lower the cost. This dress outside of me is called a multi-product trace, why? The dress outside of me is made by the tailor shop. The tailor shop does not have a large amount of items. Should it be closed? So many tailor shops are living very well, why? Because of the variety of needs. After you zoom in on the scale, you have to sacrifice the diversification of demand. You need to find a balance between the volume and the diversification of demand. It is not the bigger the quantity, the better, but the diversification of the quantity and demand. Find a balance between the two. Why do I have to go to the tailor shop to make this dress, because my body shape is very strange, there is no way to wear the standard suit outside, it feels very funny to wear, either the hem is big, the sleeve is very long, it is very difficult to wear, I have to go Customized, customized one is a variety, only one piece of a variety, still make money. Who said that only a single product is a successful business model. After we invented the mass production of machines, humans faced a choice that economies of scale should make a trade-off between cost and diversification.
There is also a saying that the product is to be the ultimate, this sentence is wrong, if the product is the ultimate, this is a suicidal behavior. What is the quality of the product? To achieve a balance between cost and effect, because of what? The more difficult your quality is, the harder it will be. The 99% you will have 1% left, and the cost of 1% is higher than your 99% cost. Everyone studying at a business school should know what the cost curve looks like? What is the marginal cost curve? You need to combine the knowledge and practice that the school has learned. The marginal cost curve rises faster and faster, and the index rises. Why? The more difficult it is to get to the back, you increase the last 1%, and the last 0.01% is higher than all the previous costs. You do 100% of this is suicidal behavior, the cost will be out of control, how can it be done to the extreme, I can only achieve cost efficiency balance, even I am not willing to tell the customer that I have done the ultimate, because the ultimate cost is also done At the extreme, this is simply not affordable. Therefore, if we have a little analytical ability, we can see where the limitations are and where the adaptation is. There is still a measure of this quality, what do you do for quality? Be a little better than all your competitors. A little bit can bring you huge benefits, so that the cost increase is too high, because the cost will eventually be passed on to the consumer and passed on to your users.
"Wool is on the pig" and "platform strategy"
There is another piece of Internet thinking called wool on the pig. We have seen this business model long ago. I think this is an effective business model, but you should not deify it. Don't think that there is such a phenomenon and business model only after the emergence of the Internet. Wool is on the pig, the Wal-Mart in the retail industry has already done this. When Wal-Mart sells the goods, it claims that the price of the goods is the lowest. If you find a place outside the place where you find it cheaper than mine, I will immediately Lower the price. It uses this way to attract consumers. Such a sales strategy benefits consumers. Where does Wal-Mart make money? Who is the wool? On the supplier side, it attracts a large number of consumers in this way, so its purchase order is the largest in the world, all suppliers love and hate Wal-Mart, love the order quantity, no one seller What is the amount of orders that can be made so much? What is hate? Hate is the overbearing of Wal-Mart, a price, give me the lowest price, if you do not accept the lowest price, you can avoid talking. So it earns the money from the supplier, and the wool is on the pig. This case is in the case of our teaching. There is no need to deify. There is no need to be tied to the Internet.
There is another very popular platform strategy, also known as Internet thinking. You engage in the platform, why? Platform light assets, no assets, assets are provided by the business, O2O, P2P do not have to invest, you do not have to worry about it, you pay a little platform fee on the platform. The platform strategy is a big advantage of the Internet, but it is not unique to the Internet. The traditional industry also serves as a platform. For example, we know that P&G, Nestle, Commodity Company, and Food Company are all platforms. Only brand building, only quality control, they actually do not produce these products, and endorsed it on its platform. This is P&G. The product, but not the Procter & Gamble. You have been thinking about the website for two days now, and this is a bit tricky. Therefore, we must have independent thinking habits for these things, and we must think independently for analysis.
"Internet +" and "+ Internet"
What is the real issue? Not following the trend, not following these seemingly appealing slogans. The real issue is how to use the Internet to develop new products and how to use the Internet to improve the efficiency of your own business. There is still a slogan that is very hot, and the government is encouraging this kind of craze. This craze is "Internet +". I want to propose another business model, not "Internet +", but the reverse "+ Internet." We cannot ignore this new technology like the Internet. But how to use such new technology is to let Internet companies go online or offline, or traditional industries go offline from offline to offline. The former model Internet company is "Internet +" from the online to the offline, traditional The industry went from offline to online called "+Internet." Whether it is "Internet +" or "+ Internet", there is no certain rule. How to do it depends on which method is more efficient.
Internet companies can land, Jingdong, you can do e-commerce, you can land without problems, this I do not object, Jingdong also done very successfully, not because Qiandong is our alumni. Similarly, you can do + Internet like Wal-Mart, from the traditional retail industry to online e-commerce, both ways can go through, not necessarily Amazon defeated Wal-Mart, Amazon as an e-commerce company is fierce, but it Have you noticed the recent trend? Amazon recently left the e-commerce, it went to dry cloud computing to go to the platform. I suspect that Amazon found that it may not be able to replace Wal-Mart in the long-term traditional retail industry. There is no way to replace Wal-Mart. In turn, Wal-Mart has done more than a decade of e-commerce. Last year, it finally made a breakthrough. Last year, Wal-Mart's online sales surpassed Amazon for the first time. Now, the feeling that I am giving is that Wal-Mart e-commerce has begun to exert its strength. This is the traditional industry that uses the Internet to improve its efficiency. It is "+Internet" rather than "Internet+". The "Internet +" Amazon has left the main business and left the main business of e-commerce. Now 20% of the income structure comes from non-main business, from cloud computing and trading platforms. And now the platform has increased investment in cloud computing, it is clear that cloud computing and platform profit margins, its capital return rate is much higher than the traditional e-commerce part. Amazon takes full advantage of its online presence and avoids the disadvantages of the Internet. If you find that you can't replace Wal-Mart, you can't beat Wal-Mart. What can you do? Just do what you are good at.
Similarly, Wal-Mart saw the simplification of the sales channels brought to the Internet and brought it rapid information dissemination. It saw that it has been investing more and investing in e-commerce. With its offline stores all over the world, you can easily pick up the goods, this advantage can be experienced. This advantage is that Amazon has no way to compete with it. What kind of goods are suitable for online sales? Simple goods, standard goods, and goods that do not require customer experience, these things are suitable for online sales. More complex products, products that are difficult to judge, and products that require customer experience, there is no way to go online. So I heard people say that Amazon will eat Wal-Mart in the future, I think it is ridiculous.
Or maybe there will be Internet banking in the future, and Internet banking exceeds the total amount of all existing bank assets. I think this may be a dream. What dreams do not know, this is a dream, he did not thoroughly analyze the characteristics of various industries, did not use their own brain to think about the problem, followed by a while the wind blew past. Nowadays, in the competition between Amazon and Wal-Mart, one is "Internet +" and the other is "+Internet". It is hard to say which one wins in the end. We can conclude that the two will coexist for a long time, and in each of their respective areas of advantage, they will surpass each other rather than surpass each other.
In China we see that the Internet + and + Internet models are competing. What is Ant Financial? Is Internet + Finance, what is Lu Jin? Lu Jin is financial + Internet. In the end, it is the victory of Ant Financial, or Lu Jin’s victory. It is very likely that the two will coexist for a long time and it is likely to play its own strengths in their respective areas of strength. So don't follow the wind, always have to think through your own, and then come to a conclusion. We can use the Internet to help companies transform and help companies create value.
Most P2P companies will fail. I want to talk to you about what is creating value?
What is the relationship between creating value and making money? Enterprises are all going to make money. There is no doubt that enterprises are profit-making organizations. But what does it mean to create value first and create value? There is a definition of creating value:
First, you can provide new products and services to the market, such as smartphones. This is an unprecedented new product that is widely accepted by the market. This is to create value. WeChat is a social communication method that was not available before. You created it, and this is value.
Second, you can provide your products and services to the market at a lower cost. Your cost can be lower. I think this is also creating value. If you make money without creating value, your profits are not sustainable, and the money you make is only short-term and unsustainable. And if you create value, you will make money sooner or later, and this money can be sustained, the difference between the two is here.
As an example, why do most P2Ps fail? Why are most group purchases failing? Because most of the P2P does not create value, although they can make money in the short term, there is no price. What business is P2P doing? I am doing a small loan, and I am doing a personal loan. How is the value of financial business created? It helps the market overcome the asymmetry of information. The common people put money in you, but he does not know who the money is for, and there is a serious information asymmetry between the lender and the borrower. Therefore, the value created by financial institutions is to overcome the information. symmetry. Finance makes money by making money from information, earning money from data, and this is where it creates value. Financial institutions should collect some information that has not been collected in the market, and analyze the information. The result of the analysis produces a credit rating. According to the credit rating, which customer is loaned, how much is the loan interest rate. The high added value it creates is the collection and processing and analysis of information. What is finally obtained is that the credit rating overcomes the information asymmetry to a certain extent, which is the place to create value.
Let's take a look at P2P. Does P2P create value? On the platform of P2P, some people use the funds, some people get the funds, it connects the seller and the buyer, this value is not much, this value is equivalent to a marriage agency, the man and the woman are pulled Going one piece, but nothing else creates more value. Where is the creation of more value? The value of the marriage agency to ensure the success of the marriage introduced is high. What is the reason why the marriage introduction can't make any money? The reason is that there is no value creation and there is no solution to the problem of information asymmetry. The man and the woman do not understand each other. They are divorced three months after the marriage. It is irrelevant to say that the marriage is divorced. I will introduce you again and earn another service. Fee, it doesn't care. The financial institution lends the money of the saver to a small business, and the result is that it has become a bad debt without success. This loss is big. So where is the value created by financial institutions? It wants to ensure that the loan debit information asymmetry is quite overcome, can facilitate the transaction, and can also guarantee the success of the transaction, the transaction is based on your understanding and evaluation of the debit credit. And the understanding and evaluation of your credit requires a lot of information. P2P does not have this function, so most of them cannot exist.
Who is the best P2P? Bank, so in the financial world I see a more promising business model, + Internet, not Internet +. Let's take a look at the existing company, who is the most qualified to do "Internet +" finance? Ali, why? It owns the data, it can extract the three financial statements of the company from the transaction data for many years, and then give it a credit rating, relying on the credit rating to determine the loan amount and loan interest rate. Without so much data to support, how do you assess the credit of this loan applicant, you can't assess it, you don't create value, because financial services are the most valuable credit rating, and this credit rating requires a lot of information for professional analysis. Can be drawn. Even if Ali has so many data Internet companies, what is the total size of its current loans? Has anyone noticed? What is the total amount of accumulated loan assets? Some people say that more than 20 billion, more than 20 billion is a piece of cake for financial institutions, the total assets are more than 20 billion. What is this? Why is the company with the most information and the most data, its current lending is just over 20 billion, what is it? think for a while. If there are no three financial statements, how much data is needed to copy the three financial statements from the transaction data. Some Internet companies say that we can collect data by ourselves. I said yes, you can collect it yourself. Someone really went there. I have a team of more than 20,000 people. I will build an office below. I said that you have so many people and built an office. Are you not a bank? You "Internet +" come down from the line, then come down, and then hire someone, have you done a traditional bank?
Did everyone feel that no matter how well the communication means developed, the past was a conference call. The effect of the conference call was not as good as the face-to-face meeting of the office, and later it was a video conference. They could all meet each other. The effect of the meeting was not as good as the face-to-face of the office. There is no substitute for any technical means of human contact, and this article determines that the Internet cannot be eaten.
Although I have spent so much money on building online, I have hired so many people. It is very likely that the cost of obtaining information by my offline employment method is lower than the cost of obtaining information online. . So in a long process of competition, I can fight against you, but I am not stupid enough to deny the Internet, what is the core? The core is who is less expensive.
"Enlightenment is the courage to use your own rationality"
I would like to advise everyone to pay attention not to be overwhelmed by the Internet + this wave, use your own thinking to analyze problems and find your own way of transformation and innovation. Kant said a word, what is enlightenment?å¯è’™è¿åŠ¨åœ¨å¾·æ„志土地上开展的时候，对于什么是å¯è’™ä¼—说纷çºã€‚康德给了一个定义“å¯è’™å°±æ˜¯æœ‰å‹‡æ°”去è¿ç”¨ä½ 自己的ç†æ€§â€ã€‚我们æ¯ä¸€ä¸ªäººéƒ½æœ‰ç†æ€§åˆ†æžçš„能力，但是我们ç»å¸¸å› 为å„ç§å„æ ·çš„åŽŸå› å¤±åŽ»äº†è¿ç”¨è‡ªå·±ç†æ€§çš„å‹‡æ°”ï¼Œå› æ¤éœ€è¦å¯è’™ã€‚
æ问：许教授对互è”网æ€ç»´çš„评判，我觉得代表了他的观点，创新有三ç§æ–¹å¼ï¼Œä¸€ç§æ˜¯åŽŸå§‹åˆ›æ–°ï¼Œä¸€ç§æ˜¯é›†æˆåˆ›æ–°ï¼Œè¿˜æœ‰ä¸€ç§æ˜¯å¼•è¿›æ¶ˆåŒ–å¸æ”¶åˆ›æ–°ï¼Œæˆ‘觉得许教授讲的对互è”网æ€ç»´çš„评判，有很多ä¸æ˜¯åŽŸå§‹åˆ›æ–°ï¼Œä½†æ˜¯æˆ‘觉得互è”网æ€ç»´æœ‰å¾ˆå¤šé›†æˆåˆ›æ–°ã€‚所以许教授éžå¸¸ç†æ€§çš„评判，有很多观点我是很åŒæ„的，比如说“互è”网+â€ä»ŠåŽåˆ°åº•æ€Žä¹ˆæ ·ï¼Œè¿™ä¸ªè¿˜æœ‰å¾…观察。但是我觉得在创新的三ç§æ¨¡å¼ä¸ï¼Œæˆ‘们希望能有很多的原创，我们应该鼓励创新，我们这个社会创新太少了。
许å°å¹´ï¼šå›žåˆ°çŽ°å®žé—®é¢˜ä¸Šï¼Œå¦‚æžœä½ ç†æ€§ä¸è¶³ï¼Œä½ 会在互è”网创新当ä¸èµ°å¾ˆå¤šå¼¯è·¯ã€‚我拜访过国内主è¦çš„互è”网公å¸ï¼Œè·Ÿä»–们的高管和团队都有过交æµï¼Œæˆ‘éžå¸¸ä½©æœé‚£äº›å°å®¶ä¼™ä»¬çš„干劲和çƒæƒ…，他们那ç§åˆ›ä¸šçš„精神和我们熟知的谷æŒå’Œè„¸ä¹¦æ˜¯ä¸ç›¸ä¸Šä¸‹çš„。我能åšçš„就是从ç†æ€§åˆ†æžè§’度，能够帮助他们少走一点弯路，我也æ„识到ç†æ€§æœ‰å¯èƒ½åŽ‹åˆ¶ä»–们这ç§åˆ›æ–°çš„çƒæƒ…和冲动，我是希望能够有一个比较好的平衡。所以我一å†å¼ºè°ƒç†æ€§ï¼Œä½†æ˜¯æˆ‘åŒæ—¶å¼ºè°ƒäººçš„ç†æ€§æ˜¯æœ‰é™çš„ç†æ€§ï¼Œè€Œä¸æ˜¯æ— é™çš„。